Mortgage Rates Keep Dropping to New Record Lows

June 8, 2012

Mortgage Rates Keep Dropping to New Record Lows

U.S. rates on 30-year and 15-year fixed mortgages this week fell yet again to new record lows for the sixth straight week. 30-year loan rates dropped to 3.67 percent (down from 3.75 percent last week) and 15-year mortgage rates dropped to 2.94 percent (down from 2.97 percent last week.)

Rates on the 30-year mortgages have been below 4 percent since early December.

These low rates make it an excellent time to buy or refinance for those who are able. Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!